In this issue of ENGAGE we look at our Responsible Investment activities during 2023 and how we influence change through voting and collaborative engagement initiatives. We also celebrate our award success, including winning the LGPS Fund of the Year at the LAPF Investment Awards 2023 and our Chief Investment Officer Bruce Miller receiving the Lifetime Achievement Award at the LGC Investment Seminar in October of last year.
Emmanuel Bocquet joined us as Chief Investment Officer (CIO) in November succeeding Bruce Miller who retires later this month. Under Bruce’s tenure as CIO, LPF has evolved into one of the leading LGPS’s in the UK, generating peer-leading risk-adjusted returns at industry-leading costs for our employers and members. Emmanuel said:
“Lothian Pension Fund is unique within the Scottish LGPS sector in operating an FCA-regulated investment arm. It’s well known in the industry for its commitment to sustainably growing its pension fund through good stewardship of its assets. I’m delighted to be joining to continue the great work of the team and delivering the very best service to our members, employers and partner funds.”
Gillian de Candole, Portfolio Manager and Responsible Investment Lead also provides insight into our voting activity and collaboration:
“Our biggest impact comes through working with others, such as Climate Action 100+, an international collaborative initiative by institutional investors representing over $55 trillion in assets. By participating actively, LPF and engagement partners have influenced real change, including an accelerated timetable for methane emissions reductions and a change to the corporate lobbying practices of companies with significant carbon emissions.”